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FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of May, 2005
Commission File Number: 333-07654
ENDESA, S.A.
(Translation of Registrant's Name into English)
Ribera del Loira, 60
28042 Madrid, Spain
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F:
Form 20-F __X__ Form 40-F _____
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1):
Yes _____ No __X__
Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7):
Yes _____ No __X__
Indicate by check mark whether by furnishing the information contained in
this Form, the Registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:
Yes _____ No __X__
If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): N/A
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Endesa's Communication Related to the Process Opened by EDF Regarding Its Stake
in Edison
NEW YORK--(BUSINESS WIRE)--May 9, 2005--Considering the
information Endesa (NYSE:ELE) has on the decision adopted by EDF in
relation to the open process regarding its stake in Edison, which
confirms that EDF has decided to remain in Italy, thus declining the
offer made by Endesa in conjunction with ASM Brescia, it's necessary
to point out the rigorous strategic rationale that has been a key
factor in Endesa's intention to participate in this process.
Despite the limited chances of success that could be expected
given the complexity surrounding the process, Endesa has always
considered entirely justified from a strategic view its intention to
participate in the process, considering only those options that would
enable the Company to win the control of Edison.
Had it succeeded, this process would have implied a step forward
on Endesa's strategic purpose of strengthening its presence in Europe.
Nevertheless, Endesa confirms it has progressed considerably in
this strategic line and that, although it hasn't been possible to gain
control of Edison, it already has an outstanding presence in Europe.
In France Endesa has 2,600 MW of installed capacity and sales
17,000 GWh. In Italy, the Company has 6,300 MW of installed capacity
and sales 26,216 GWh. A position achieved through the acquisition of
generation assets with positive results.
EBIT of Endesa Europa, which integrates this operations, increased
by 52% in 2003-2004, from euro 260 million to 394, while net income
tripled from euro 52 million to 145.
Endesa believes it's appropriate to keep in mind that it had the
necessary financial resources to undertake this operation without
substantially modifying its credit ratios.
The company will continue strengthening its position in Italy and
France through the development of the Investment Plan included in its
Strategic Plan.
This document may contain certain forward-looking statements
regarding anticipated financial and operating results and statistics
that are subject to risks and uncertainties as well as to material
risks, changes and other factors which may be difficult to predict,
including, without limitation, those factors described in the Folleto
Informativo Continuado of Endesa filed within the Comision Nacional
del Mercado de Valores and in the Form 20-F of Endesa filed within the
Securities and Exchange Commission, both for the fiscal year ended
December 31, 2003. For all of these forward-looking statements, we
claim the protection of the safe harbor for forward-looking statements
contained in the Private Securities Litigation Reform Act of 1995.
CONTACT: Endesa
North America Investor Relations Office
David Raya, 212-750-7200
http://www.endesa.es
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
ENDESA, S.A.
Dated: May 6th, 2005 By: /s/ David Raya
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Name: David Raya
Title: Manager of North America Investor Relations